Jun. 21 at 5:33 PM
$SPY Semiconductor stocks tied to the artificial intelligence megatrend dipped Friday as the second quarter nears its end. Astera Labs
$ALAB, Broadcom
$AVGO, Nvidia
$NVDA and Taiwan Semiconductor
$TSM were among the decliners.
"Sentiment and positioning generally seems mixed to cautious" in semiconductor stocks, Mizuho Securities trading-desk analyst Jordan Klein said in a note Friday after investor meetings.
"A lot of 'watching and waiting' given war breaking out in Iran and ongoing trade and tariff uncertainty," Klein said.
Still, investors remain bullish on AI chip and hardware names, such as Nvidia stock, he said.
In afternoon trades on the stock market today, Astera Labs stock fell more than 4% to 94.97. Broadcom retreated 1% to 248.20. Marvell TechnologyMRVL slid 1.3% to 73.96.
Meanwhile, Nvidia stock sank 1% to 143.87. Taiwan Semiconductor dropped nearly 2% to 209.56.
https://www.msn.com/en-us/money/markets/nvidia-ai-chip-stocks-pull-back-as-investors-turn-cautious/ar-AA1H7isq?ocid=msedgntp&pc=U531&cvid=3a56a3bf7402433a91f173f4da56f30a&ei=42
